Breakthroughs and everyday innovations from the year.
HEADLINES ON January 4, 1931
Full News Archive
- Headline: 1931 Price Line Revision in Retail. Impact: This price line revision sparked a retail revolution that would eventually lead to the rise of discount stores, transforming shopping into a national sport. We can thank this moment when your local store decided to sell socks for a dollar instead of two, all to keep up with the 'intelligent work' of the 1920s.. Fact: Did you know that the average price of socks has remained surprisingly similar since the 1920s? Thatβs right, the great sock inflation crisis of 1925 was a total myth!.
- Headline: Bulgarian Deportee Secures Last-Minute Stay. Impact: This last-minute stay not only prevented one man from being deported but also inadvertently inspired a whole generation of legal loophole enthusiasts. You could say the ship's delayed departure was the original 'staycation' for legal rights.. Fact: Interestingly, 'deportee' is derived from the Latin 'deportare', meaning 'to carry away'. Which is ironic, since it seems like folks have been trying to 'carry away' the rights of immigrants ever since..
- Headline: J C Murray to Lead Chicago Board of Trade. Impact: J C Murray's ascension to the Chicago Board of Trade was like the first domino in a chain reaction that would lead to the great corn futures scandal of 1932. Who knew a simple election could pave the way for such agricultural chaos?. Fact: The Chicago Board of Trade is often called the 'heart of the commodity markets'. If only its leaders had a better sense of rhythm, the market may have danced to a less chaotic tune!.
- Headline: Article 19 -- No Title. Impact: The mystery surrounding Article 19 has baffled historians and conspiracy theorists alike, suggesting it might have been the precursor to the great 'no-title' trend in modern art. Who knew ambiguity could be so influential?. Fact: Fun fact: 'Article 19' could refer to anything from a forgotten legal statute to a lost recipe for banana bread. Talk about a title that needs a makeover!.
- Headline: THE WHOLE WORLD INTERESTED IN DEVELOPMENT OF HIGHWAYS. Impact: The worldwide obsession with highway development led to the birth of road trips and the inevitable creation of rest stops where families could argue over directions. Thanks to this headline, we all now know the true meaning of 'Are we there yet?'. Fact: Highway development is responsible for more family disputes than any holiday dinner. So the next time youβre stuck in traffic, just remember: it could be worseβat least youβre not lost!.
- Headline: CUBA ARRESTS 22 AS REVOLT PLOTTERS; Police Raid Meeting of Students of National Universityat Home of Editor.YACHTSMEN ARE INDICTED All Directors of the Havana ClubCharged With Conspiracy--BigStamp Theft Bared.. Impact: These arrests triggered a series of student uprisings and revolts across Latin America, inspiring future generations to believe that sometimes the best way to change the world is to start by raiding your university's student union.. Fact: Who knew that a simple student meeting could lead to such chaos? Next time you think about skipping class, just remember: it could lead to an international incident!.
- Headline: WINDOW SAFETY URGED.; Narrow Sills Endanger Cleaners, Says Miss Perkins.. Impact: Miss Perkins' advocacy for window safety sparked a national trend in workplace safety that eventually led to the invention of 'safety harness fashion'. Now, people can fall in style!. Fact: Window cleaners have one of the highest turnover rates in the job market. Turns out, dangling from a skyscraper isn't everyone's cup of tea!.
- Headline: M'GRAW-HILL BUILDING GETS $3,800,000 LOAN; Financing Arranged for New Thirty-three-Story Structure in Forty-second Street.. Impact: The financing of the McGraw-Hill Building paved the way for the skyscraper boom, leading to a skyline filled with ego-stroking architecture. Thanks to this loan, we now have enough glass to blind an entire generation of tourists.. Fact: For $3,800,000, you could build a stunning skyscraper or buy a lot of really fancy coffee. Guess which one wins the 'most impractical purchase' award?.
- Headline: LONDON PEDESTRIANS FORM SAFETY UNION. Impact: The formation of the Pedestrians' Association marked the beginning of a long battle between walkers and drivers, eventually leading to the invention of the crosswalk and the universally recognized 'Iβm not moving until you stop' stare.. Fact: Londoners are known for their fierce pedestrian rights. After all, nothing says 'I own the road' like standing in the middle of it demanding a change!.
Wall Street Time Machine
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1931, it would be worth $586,657 today (586.7x return)
CVX
Chevron
Chevron - If you invested $1,000 in 1931, it would be worth $474,914 today (474.9x return)
GE
General Electric
General Electric - If you invested $1,000 in 1931, it would be worth $487,500 today (487.5x return)